A technical glitch at the New York Stock Exchange caused an errant reading of share prices for several companies, including Warren Buffett’s Berkshire Hathaway.
Trading of shares of Buffett’s firm was halted after the stock exchange’s display showed that it was down by 99%.
Shares of other companies including Chipotle, Barrick Gold and Nuscale Power were also paused due to volatility.
The stock price of Barrick Gold was shown to be down by more than 98% before trading was halted because of the glitch.
The stock exchange said on Monday that it was investigating the glitch, which affected dozens of stocks. The issue appears to have been resolved and trading for the impacted stocks has resumed as of 11:22 a.m. Eastern time, according to NYSE. The exchange said Monday it has ruled to bust all erroneous trades in Berkshirethat were impacted by a technical glitch.
The glitch did not appear to affect the wider market.
The Limit Up-Limit Down mechanism is meant to prevent extraordinary market volatility and extreme price movements in individual securities.
It prevents trading from occurring outside of specific price bands that are continuously updated throughout the trading day.
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The price bands for each security are set at a percentage level above and below the average reference price of the security over the immediately preceding five-minute period.
“It’s erroneous trade reports and will get taken from the tape,” Joe Saluzzi, co-head of equity trading at Themis Trading, said.
“It’s somebody having a glitch whether it’s the exchange or a market maker.”
Technical issues on exchanges can hit markets, impact traders’ confidence and attract scrutiny from the US securities regulator.
An MP has denied two counts of sexual assault allegedly carried out at a private members’ club in central London.
Patrick Spencer, who represents Central Suffolk and North Ipswich, is accused of cupping the breasts of two women over their clothes at the Groucho Club in August 2023.
The 37-year-old confirmed his full name and date of birth before pleading not guilty to the offences at Westminster Magistrates’ Court.
Image: The MP pleaded not guilty to two offences. Pic: PA
The politician was first elected to parliament last year with a majority of 4,290.
Lawyers acting for the MP have previously said he “categorically denies the charges” and would defend against the allegations “robustly in court”.
The Groucho Club, on Dean Street, opened in 1985 and became a renowned meeting place for A-list celebrities and others, including actors, comedians and media executives.
The club was named after the comedian and actor Groucho Marx, who reportedly once said he would refuse to join any club that would have him as a member.
Israel had “no other choice” but to attack Iran because it was proceeding “dramatically” towards a nuclear bomb, Israeli President Isaac Herzog has claimed.
He also suggested the Israeli war cabinet was discussing Iran’s Supreme Leader, Ayatollah Ali Khamenei, amid reports that President Donald Trump vetoed a plan to kill him.
It comes as Israel and Iran continue to fire missiles at each other after Israel launched an unprecedented strike on Iran’s nuclear and military capabilities.
Tehran has long denied that its nuclear program has been attempting to obtain a nuclear weapon.
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Sky’s Yalda Hakim interrupted by air raid sirens
Mr Herzog was asked why Israel attacked Iran when it did.
“When you take such decisions of historic magnitude and proportions, you have to analyse all facets and all facts,” he replied.
“The truth of the matter is there was no other choice.”
Image: Isaac Herzog speaks to Yalda Hakim
He claimed Iran was proceeding “dramatically” towards the bomb, both in terms of the enrichment of uranium and, “clandestinely”, the armament part of the process.
“I’ve always been very crystal clear with regards to a nuclear capability of our enemies – it has to be removed at once.”
Mr Herzog added: “We have to remove the Iranian nuclear program because we see the negotiating process as being futile because they are lying whilst talking to us.
“They are lying whilst talking to the United States and other allies.”
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He also suggested the Israeli war cabinet was discussing Iran’s Supreme Leader Ayatollah Ali Khamenei, after reports Mr Trump vetoed an Israeli plan to kill him.
“Let’s just remember that the Supreme Leader of Iran has for years called for the annihilation of Israel.”
Hyundai’s electric fastback is due for some major upgrades that could finally make it the Tesla Model 3 challenger it was designed to be. The new Hyundai IONIQ 6 is better than ever, featuring a stylish new look both inside and out, an NACS port for charging at Tesla Superchargers, and even more driving range than expected.
The new Hyundai IONIQ 6 is a long-range, stylish EV
It’s been just about three years since Hyundai unveiled the IONIQ 6 for the first time at the 2022 Busan International Motor Show.
Hyundai’s “electrified streamliner” arrived as what was expected to be a genuine rival to the Tesla Model 3, boasting over 350 miles of driving range, fast charging in under 20 minutes, and an affordable price tag.
Despite this, the electric sedan has failed to live up to its hype. In the US, IONIQ 6 sales fell 6% last year, with only 12,264 units sold. According to Cox Automotive, Tesla sold 189,903 Model 3s in the US last year, a decrease from 2023, partly due to the launch of the refreshed model.
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With the upgraded IONIQ due out later this year, Hyundai’s EV might finally match the Model 3 as another long-range, fast-charging, affordable electric sedan.
The new Hyundai IONIQ 6 (Source: Hyundai Motor)
The new Hyundai IONIQ 6 has just become Korea’s longest-range electric sedan. It was officially certified by the Ministry of Environment with a range of up to 568 km (353 miles), surpassing the Kia EV4 at 549 km (341 miles).
On the WLTP scale, that could translate to nearly 700 km (430 miles) range. The current IONIQ 6 is rated with a WLTP range of up to 614 km (382 miles).
The new Hyundai IONIQ 6 N-Line (Source: Hyundai Motor)
For those in the US, the 2025 Hyundai IONIQ 6 already provides an EPA-estimated range of up to 342 miles. The new model is expected to achieve a range of over 350 miles.
The new IONIQ 6 features an upgraded 84 kWh battery, similar to the 2025 IONIQ 5, providing increased driving range. Hyundai’s new IONIQ 5 is now rated with an EPA-estimated driving range of 318 miles, up from 303 miles in the 2024 model.
Like the IONIQ 5 refresh, the new IONIQ 6 is expected to arrive with a built-in NACS port, allowing access to Tesla Superchargers.
Hyundai teases the new IONIQ 6 N (Source: Hyundai)
Hyundai unveiled the new IONIQ 6 design at the Seoul Mobility Show in April, saying it “enhanced every line and detail to make the IONIQ 6 simpler and more progressive.” And last week, Hyundai teased a sporty “N” line mode coming soon. We got a sneak peek of it in public a few days later after it was spotted driving in Korea. You can tell, it’s already shaping up to be a significant upgrade.
As for prices and final specs, we’ll have to wait until closer to launch later this year. Check back soon for more info. We’ll keep you updated with the latest.
Will Hyundai’s electric sedan finally compete with the Model 3? Let us know your thoughts in the comments below.